As Asia's banking sector navigates a peak in global interest rates and risks of slower growth, investors are wagering that banks in India and Indonesia have the strongest loan and profitability profiles to provide...

Local governments in China have sold record amounts of so-called special bonds this year to inject capital into struggling smaller banks, as authorities seek to contain spillover risks from a deepening property crisis and...

Apple (AAPL.O) is pulling the plug on its credit card partnership with Goldman Sachs Group (GS.N), the Wall Street Journal reported on Tuesday. The tech giant recently sent a proposal to the Wall Street bank to exit the...

The U.S. economy grew faster than initially thought in the third quarter as businesses built more warehouses and accumulated machinery equipment, but momentum appears to have since waned as higher borrowing costs curb hiring...

Singapore and Zurich tied for the world's most expensive city this year, followed by Geneva, New York and Hong Kong, the Economist Intelligence Unit (EIU) said on Thursday as it cautioned that the global...

The dollar was rooted near a three-month low on Thursday and was set to post its steepest monthly decline in a year as investors ramped up bets that the Federal Reserve is done with rate hikes...

Oil prices fell in early Asian trade on Thursday on weaker-than-expected Chinese manufacturing data, but investors maintained caution ahead of an OPEC+ meeting where production cuts are expected. Brent crude futures fell 28 cents, or 0.3%, to...

Richmond Federal Reserve President Thomas Barkin said Wednesday that policymakers need to retain the option of raising interest rates if inflation doesn’t show enough progress coming down. Markets largely expect the Fed has stopped raising...

Charlie Munger’s unique partnership with Warren Buffett, spanning over half a century, helped forge one of the most successful conglomerates in history.It was a special relationship. At age 35, Munger was introduced to the then-29-year-old Buffett in Omaha,...

Consumer spending has remained remarkably resilient in the face of some stiff economic headwinds. Nearly all Americans, 96%, are concerned about the current state of the economy, according to a recent report by Intuit Credit Karma. Still, more than...

The influential Organization of Petroleum Exporting Countries and its allies, collectively known as OPEC+, convene to decide next production policy steps on Thursday, in a postponed virtual meeting overshadowed by conflict in the Middle...

Interest rate cuts don’t happen during good times, something important for markets to remember amid hotly anticipated easing next year from the Federal Reserve. If the Fed meets market expectations and starts cutting aggressively in...

Microsoft will have a non-voting board seat at OpenAI, the company announced on Wednesday. The move quells some of the remaining questions about Microsoft’s interest in the startup after a turbulent month that saw the company’s controlling...

Australia’s relationship with China remains fractious even as the country seeks to mend ties with its largest trading partner. The previous Australian government’s support for an international inquiry into China’s handling of the coronavirus had invited crippling...

China’s factory activity contracted for a second straight month in November, while non-manufacturing activity hit yet another new low for the year, signaling that the world’s second-largest economy is not yet out of the...